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Mitsubishi Motors Corporation (MMC) is reportedly entertaining the thought of producing a C-segment car – based on a Renault-Nissan model – to replace the Mitsubishi Lancer after it failed to register any significant sales figures in Europe.

According to JATO Dynamics, an automotive intelligence firm, only 2,767 units of the Mitsubishi Lancer were sold through September in Europe as opposed to 396,155 units recorded for the Volkswagen Golf.

The Renault-Nissan Alliance and MMC had agreed to cooperate on multiple levels involving the sharing of technologies and products between the companies. From the collaboration, two new models are set to arrive with the first – based on the Renault Latitude sedan – aimed at the North American and Canadian market.

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The second model is said to be available globally and will compete in the C-segment arena, with rivals such as the Honda Civic, Ford Focus, Mazda 3 and the like. “We don’t have any limitations [for the compact]. If there’s a market for our vehicle we would like to sell there,” Osamu Masuko, CEO of MMC, told Automotive News Europe.

As of now, it is still unclear as to whether the new model will be badged as a Nissan or a Renault with discussions still ongoing as to where it will be assembled. Seeing as how the collaboration involved MMC and the Renault-Nissan Alliance, we could be looking at a Renault Fluence-based C-segment sedan which is currently on sale in Malaysia.

GALLERY: Mitsubishi Lancer GTE

GALLERY: Renault Fluence driven